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Shriram City Union Finance has recorded a 6.6 percent rise in its first quarter net profits ending June 30, 2017 at Rs 193.86 crore.
Shriram City Union Finance today reported a 6.6 percent rise in its net profit at Rs 198.86 crore for the first quarter of the current fiscal.
Shriram City Union Finance Ltd's Q3FY17 standalone net profit declines 9.5% yoy to Rs.158 crore : Estimates Mixed
Shriram Group touts mutual benefits, but analysts and minority shareholders are not buying the argument for the IDFC-Shriram merger deal
Shriram group founder R. Thyagarajan on the rationale behind the IDFC-Shriram merger, his choice of Ajay Piramal as successor and why the deal is lucrative for shareholders
Following their announcement of a merger with Shriram Capital, the management of IDFC shared their thoughts on Monday on the synergies, rationale and regulatory aspects of the deal. While details are awaited, what appears is that the marriage has overall informal consent of the regulator. However, what’s still not clear is the swap ratio at the level of the bank and holding company and finally how the shareholders of the Shriram group’s retail lending arms would consent to a merger that, at least in the short to medium-term, is detrimental to their interests.
Shares of IDFC and Shriram Group of companies fell up to 7.4 per cent today after they agreed to merge and create the largest retail-focused bank in the country.
In other news, Gati, Peepul Capital and TVS Logistics express interest to acquire Vulcan Express, the in-house logistics arm of online marketplace Snapdeal
A mega merger has been initiated with IDFC and Shriram Group agreeing on exclusive discussion. This is significant.
Regulatory hurdles, potential asset-liability mismatch for IDFC Bank seen as pressure points in the IDFC and Shriram Capital merger deal
Ajay Piramal says he is committed to following RBI guidelines and regulators will see through any attempt to enter the banking sector with the Shriram Capital-IDFC merger
It is a mega merger, a large transaction - IDFC Group as well as Shriram Group looking to come together and form USD 10 billion powerhouse of financial services.
Financial services majors Shriram Group and IDFC Group have announced a possible merger to create a "financial conglomerate", Shriram and Piramal Group Chairman Ajay Piramal said here on Saturday.
IDFC Ltd and Shriram Group announced a merger today to create a new financial conglomerate “IDFC Shriram” worth USD 10 billion, which IDFC’s Rajiv Lall referred to as a “marriage made in heaven” since the two group businesses complement each other.
Boards of Shriram Capital Ltd and IDFC Ltd on Saturday entered into 90-day exclusive talks to merge their businesses and get regulatory nods